DataMind AI’s Post

🚀 Exciting news! Amazon Web Services (AWS) is dedicating $230 million to support generative AI startups, offering AWS credits, mentorship, and education. The AWS Generative AI Accelerator will grow by 80 startups globally, granting up to $1 million in credits for leading companies. Our recent research highlights barriers like education, skills gaps, and financial obstacles preventing businesses from harnessing AI's full potential. By fostering innovation through this initiative, we aim to empower startups to develop, launch, and expand groundbreaking AI solutions. ⚡ #Startups #GenerativeAI #MachineLearning https://lnkd.in/en57jSyV

Amazon Web Services (AWS) is committing $230MM to support generative AI startups by providing them with AWS credits, mentorship, and education, and expanding the AWS Generative AI Accelerator to +80 startups globally with >$1MM in credits for top companies. Our research report from earlier this year found that barriers such as education, skills gaps, and financial burdens are preventing businesses from fully using AI, wasting the real benefits that could be provided to industries, economies, and societies. With this commitment, it is great to see that we are playing our part in helping startups build, launch, and scale groundbreaking AI solutions. ⚡ #GenerativeAI #StartUps #Growth

The firm will also select up to 120 early-stage startups working on generative AI applications in Asia Pacific and Japan for a four-week program. 🚀 Amazon Web Services (AWS) will invest $230 million in generative AI startups globally. ⚡ AWS will run a 10-week accelerator program for around 80 startup founders worldwide, including 20 from Asia-Pacific, providing up to $1 million in AWS credits and support. 🌐 A new 4-week "AWS Generative AI Spotlight" program will include up to 120 early-stage genAI startups in Asia Pacific and Japan, offering up to $100,000 in AWS credits. 🤝 The Generative AI Spotlight program will connect participants with investors, experts, and peers in the genAI space, partnering with VC firms and regional organizations. 💻 96% of all AI and machine learning unicorns run on AWS, according to the company's head of startups solutions architecture. 🌟 The initiatives aim to boost AWS's support for promising generative AI startups and applications worldwide.

🚀 Exciting News for AI Startups! 🚀 Amazon Web Services (AWS) announced a $230 million commitment to support generative AI startups. This is a massive opportunity for innovation and growth in the AI space. At Technology Rivers, we specialize in AI and healthcare software development, working closely with startups to bring their visions to life. Our expertise in creating cutting-edge solutions aligns perfectly with this new initiative from AWS. If you are a startup looking to harness the power of AI and tap into this incredible support from AWS, let’s connect! We can help you navigate this opportunity and turn your ideas into impactful realities. #AI #Healthcare #TechStartups #AWS #GenerativeAI #Innovation #TechNews #TechnologyRivers Read more about the AWS announcement here: https://lnkd.in/eFMg2tjJ

#Amazon Commits $230 Million to Invest in Generative AI Startups 💸🤖 Amazon has announced a **$230 million** commitment to support startups building generative AI applications. The investment, made through Amazon Web Services (AWS), will provide funding, resources, and mentorship to early-stage companies, with a focus on accelerating the development and adoption of generative AI technologies. The tech giant aims to position its cloud infrastructure, AWS, as the go-to choice for early-stage companies developing AI models. Key Details of the Investment 📊 - **Total Commitment**: $230 million - **Primary Objective**: Support startups building generative AI applications - **Focus**: Accelerate development and adoption of generative AI technologies AWS Generative AI Accelerator Program 🚀 A significant portion of this investment, approximately **$80 million**, will fund the second cohort of the **AWS Generative AI Accelerator program**. This year, the program has quadrupled in size and will support **80 startups globally** with up to **$1 million in AWS credits** each. The selected startups will also gain access to industry experts and technology from Nvidia, the program's presenting partner. Benefits for Startups 🌟 - **AWS Credits**: Up to $1 million per startup - **Mentorship**: Access to industry experts - **Technology Access**: Collaboration with Nvidia - **Global Support**: Expansion to support 80 startups worldwide Strategic Goals 🎯 Amazon's commitment underscores its strategy to foster innovation in the AI sector and secure AWS as the preferred platform for developing and deploying advanced AI models. By investing in these startups, Amazon aims to enhance the capabilities of generative AI and drive forward its application across various industries. --- Stay updated with more news on AI investments and technological advancements from leading companies.

We’re thrilled to announce that AWS Generative AI Accelerator program is expanding to include 80 new early-stage startups from around the world! 🚀 Each will receive up to $1M in AWS credits to develop and scale their innovative AI solutions. We are also excited to launch an APJ-wide Generative AI Spotlight program - a four-week sprint for pre-Seed and Seed stage startups to leverage best-in-class knowledge, expertise and networks to reach those critical early inflection points faster. Global Generative AI Accelerator for Seed+/Series A Startups: https://lnkd.in/g_jugtVY Generative AI Spotlight: APJ for MVP-ready/pre-Seed/Seed stage startups across Asia-Pacific and Japan: https://lnkd.in/gx6tyUs2 What unicorn are you building? #aws #startups #AI

The firm will also select up to 120 early-stage startups working on generative AI applications in Asia Pacific and Japan for a four-week program. 🚀 Amazon Web Services (AWS) will invest $230 million in generative AI startups globally. ⚡ AWS will run a 10-week accelerator program for around 80 startup founders worldwide, including 20 from Asia-Pacific, providing up to $1 million in AWS credits and support. 🌐 A new 4-week "AWS Generative AI Spotlight" program will include up to 120 early-stage genAI startups in Asia Pacific and Japan, offering up to $100,000 in AWS credits. 🤝 The Generative AI Spotlight program will connect participants with investors, experts, and peers in the genAI space, partnering with VC firms and regional organizations. 💻 96% of all AI and machine learning unicorns run on AWS, according to the company's head of startups solutions architecture. 🌟 The initiatives aim to boost AWS's support for promising generative AI startups and applications worldwide.

🔥 Big News for Generative AI Startups! Amazon Web Services (AWS) just announced a massive $230 million commitment to accelerate generative AI application development by startups globally. 💸 This funding will provide early-stage AI startups with AWS credits, mentoring, and education to leverage AI/ML technologies more effectively. It will also support the second cohort of the AWS Generative AI Accelerator. The Accelerator will select the top 80 early-stage startups using generative AI to solve complex challenges across industries like healthcare, finance and climate change. Each startup can receive up to $1 million in AWS credits! In addition to credits, participants get guidance from business/tech mentors, access to experts, and can showcase their solutions at AWS re:Invent 2024. Applications for the second Accelerator cohort are open now until July 19th! If you're a generative AI startup founder, this is a massive opportunity to rapidly scale your innovation. Visit startups.aws to learn more and apply. 🔗 AWS is doubling down on nurturing the next wave of groundbreaking generative AI apps. The AI startup ecosystem is about to heat up! 🔥 Drop a 👍 if you're excited about this AWS initiative! https://lnkd.in/gjmkC-by

AWS Commits $230M to Generative AI Startups, Expands Accelerator Program The 10-week program will provide up to $1 million in cloud credits to 80 early-stage startups. Participants will get access to AWS infrastructure, including custom Trainium and Inferentia2 chips, and services like SageMaker and Bedrock. Startups will also receive mentorship from AWS experts and partners like Nvidia, covering machine learning performance, tech optimization, and go-to-market strategies. Matt Wood, AWS’ VP for AI products, highlights, "AWS has been instrumental in helping startups scale. With this new effort, we will provide the building blocks needed to unleash new AI applications that will impact how the world learns, connects, and does business." Closing date for applications is July 19! #AWS #AI #GenerativeAI #Startups #Innovation #TechAccelerator #CloudComputing #reInvent2024

The season of generative AI is well and truly upon us. Applications open today for the Amazon Web Services (AWS) Global Generative AI Accelerator, which will see 80 Seed+/Series A startups from around the world scale up their business with the support of AWS. We are also excited to launch an APJ-wide Generative AI Spotlight program - a four-week sprint for pre-Seed and Seed stage startups to leverage best-in-class knowledge, expertise and networks to reach those critical early inflection points faster. Links for applications to each program in the comments below! Jenny Pan Anurag Seth Woojin Kim Daishi Okada Tomoaki Toyokawa DO YEON KIM Nikhil Dinesh Matt Taylor Mark "Z" Zmarzly 🦄 Ben Duncan Nick Holmes à Court Shane Tracey-O'Connell Annie Liao 🇦🇺 Diane Powers Kelvin Lee Arya Roy Ben Hillman #generativeai #accelerator #startups #apac #japan